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Fonds de solidarité FTQ invests $4.725 million in Mediagrif Interactive Technologies Inc.
MONTREAL, Dec. 6, 2012, 2012 (Canada NewsWire via COMTEX) --
The Fonds de solidarité FTQ is investing $4.725 million in Mediagrif
Interactive Technologies Inc., a Longueuil-based company in the new
economy sector. This investment is realized in connection with
Mediagrif's private placement of common shares totalling $35 million.
Founded in 1996, Mediagrif provides business and consumers with
innovative e-commerce solutions to help them maximize their reach and
effectiveness. The company's e-business networks include MERX in the
government opportunities sector and LesPAC in the consumer solutions
field.
"This investment shows the Fonds de solidarité FTQ's ongoing commitment
to support the new economy sector and companies with a bright future
ahead such as Mediagrif," stated Alain Denis, Senior Vice-President for
New Economy at the Fonds de solidarité FTQ. "Mediagrif can count on an
experienced management team that has allowed the company to show good
results. This transaction is good for the Fonds' shareholders, the
development of Québec's information technology sector and the future of
Mediagrif."
The Fonds de solidarité FTQ and the Fonds régionaux de solidarité FTQ
information technology and telecommunications portfolios include 52
partner companies, representing total investments of $825 million. More
than 3400 jobs were created, maintained or saved through these
companies.
About the Fonds de solidarité FTQ
The Fonds de solidarité FTQ helps drive our economy. With net assets of
$8.5 billion as of May 31, 2012, the Fonds is a development capital
investment fund that channels the savings of Quebecers into investments
in all sectors of the economy to help further Québec's economic growth.
Its investments, in all sectors of the economy, contribute to the
creation and maintenance of businesses and development in Quebec. The
Fonds is a partner, either directly or through its network members, in
2,239 companies. With its 594,287 owner-shareholders, it has helped, on
its own or with other financial partners, to create, maintain and
protect 168,577 jobs. For more information, visit www.FondsFTQ.com.
SOURCE: Fonds de solidarité FTQ
To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/December2012/06/c6958.html
SOURCE: Fonds de solidarité FTQ
Information for media representatives only: Patrick McQuilken Senior Advisor, Media
Relations and Communications Fonds de solidarite FTQ Phone: 514 850-4835 Mobile:
514703-5587 Email:pmcquilken@fondsftq.com The Fonds de solidarite FTQ on the Web:
Website:www.FondsFTQ.com Facebook:www.facebook.com/FondsFTQ
Twitter:www.twitter.com/FondsFTQ YouTube:www.youtube.com/FondsFTQ
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